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Where's your holiday pound a winner this summer?

Where's your holiday pound a winner this summer?

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If it's value for money you're looking for from your summer holiday, there are some interesting destinations to consider based on the currencies which the British pound has appreciated against the most since the start of the year.

Jamaica is currently one of the best destinations for bargain hunters, based on recent currency movements, according to international currency exchange experts iceplc.com.

Analysis of exchange rate fluctuations since the start of 2009 has revealed that the value of the pound against the Jamaican dollar has increased by almost 24%.   

Hotels in Jamaica from £52
Flights to Jamaica

North or east?

If the land of fire and ice intrigues you, following close behind is the Icelandic krona against which the pound has jumped in value by almost 23% since January. 

Poland has some cities of great historical and architectural interest such as Warsaw and Krakow, and the Polish zloty comes in third place in the ICE league table for value with an increase of 19%.

Home of the Danube, Hungary is a safe and fascinating destination, made peraps all the more attractive this year by the Hungarian Florint falling almost 17% against sterling. 

If you don't mind dealing with major cultural differences, and can stand the long journey to get there, the Chinese yuan is in 5th place with the pound buying 12.7% more of it since the start of the year. 

Hotel offers
Reykjavik from £62 : Warsaw from £28 : Krakow from £36 : Budapest, Hungary from £36 : Beijing from £27
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Surfin' USA?

The USA is once again looking reasonable value as the pound has recovered strongly against the dollar. At $1.64 to each £1, a good number of people will be heading to the beaches of Florida and California no doubt.

Closer to home, Croatia and Bulgaria offer great value, and Turkey's popularity with Brits in recent years has strengthened by the move against the krona, coming on top of last year's increase to.

Andrew Hamilton, Head of Marketing for ICE said: “Jamaica offers the best of a lot of worlds for holidaymakers - sun, great beaches and fantastic value against the pound.  But closer to home we’re seeing some real holiday hot spots emerge offering fantastic value for money – notably Croatia, Turkey and Bulgaria.  This is substantiated by the orders we are receiving for currencies for these countries which have increased massively at the start of the summer season.  Orders for the Turkish lira have risen 112% while Croatian Kuna orders are 101% up on average.”

Hotel offers
Florida Keys from £59 : San Francisco from £63 : Dubrovnik from £69 : Sofia, Bulgaria from £27 : Bodrum, Turkey from £53
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Here are the current exchange rates and the pound's rise against each country's currency since January 1st 2009:

1. Jamaican dollar - 144.2, up 24%
2. Icelandic krona - 199.21, up 23%
3. Polish zloty - 5.15, up 19.14%
4. Hungarian florint - 323.21, up 16.81%
5. Chinese yuan - 11.23, up 12.70%
6. UAE dirham - 6.05, up 12.59%
7. Croatian kuna - 8.51,up 12.18%
8. Hong Kong dollar - 12.75, up 12.10%
9. US dollar - 1.64, up12.01%
10. EU Euro - 1.16, up 11.87%
11. Turkish lira - 2.50, up 11.31%
12. Czech koruna - 30.97, up 10.66%
13. Bulgarian lev - 2.21, up 8.85%
14. Canadian dollar - 1.79, down -0.05%
15. Australian dollar - 2.03, down 2.62%
16. South African rand - 13.09, down 5.68%

*All figures to 1st June 2009.

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Added: 17 March 2012 11:54
David Stone says:
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